Common use of Deposits to Collection Account Clause in Contracts

Deposits to Collection Account. The Originator shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections, Servicer Charges or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables.

Appears in 3 contracts

Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)

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Deposits to Collection Account. The Originator shall will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections, Servicer Charges or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) Collections in respect of the Pool ReceivablesCollateral.

Appears in 2 contracts

Samples: Revolving Credit Agreement (CLST Holdings, Inc.), Revolving Credit Agreement (CLST Holdings, Inc.)

Deposits to Collection Account. The Originator shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections, Servicer Advances, Servicer Charges or and Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables.;

Appears in 2 contracts

Samples: Security Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.)

Deposits to Collection Account. The Originator shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections, Servicer Advances, Servicer Charges or and, after the occurrence of a Calculation Event, Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables.;

Appears in 1 contract

Samples: Purchase Agreement (Commercial Credit, Inc.)

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Deposits to Collection Account. The U.S. Originator shall not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections, Servicer Charges or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables.

Appears in 1 contract

Samples: Sale Agreement (Commercial Credit, Inc.)

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